Bitcoin is about to close 3 red Quarters in a row.
The last two times this happened were in 2022 and 2019.
In 2019, the mid cycle correction, the third candle marked the low.
In 2022, there was a 4th.
Bitcoin has never closed more than 4 3M candles in a row.
Right now, the current 3M candle is sitting right at the 2021 cycle high 3M candle.
As you all know I believe the overall market is in a much similar position to 2019 than 2022.
I don't think we get a 4th red candle.
What do you think? And why?
The last two times this happened were in 2022 and 2019.
In 2019, the mid cycle correction, the third candle marked the low.
In 2022, there was a 4th.
Bitcoin has never closed more than 4 3M candles in a row.
Right now, the current 3M candle is sitting right at the 2021 cycle high 3M candle.
As you all know I believe the overall market is in a much similar position to 2019 than 2022.
I don't think we get a 4th red candle.
What do you think? And why?